Morten Sorensen

Copenhagen Business School

Professor of finance

Solbjerg Plads 3

Frederiksberg C, DK - 2000

Denmark

Columbia Business School

Adjunct Associate Professor

3022 Broadway

New York, NY 10027

United States

Centre for Economic Policy Research (CEPR)

Research Fellow

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

15

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Top 1,180

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20,029

CITATIONS
Rank 2,123

SSRN RANKINGS

Top 2,123

in Total Papers Citations

264

Scholarly Papers (15)

1.
Downloads 4,257 ( 1,556)
Citation 68

Which CEO Characteristics and Abilities Matter?

Swedish Institute for Financial Research Conference on the Economics of the Private Equity Market, AFA 2008 New Orleans Meetings Paper
Number of pages: 49 Posted: 20 Mar 2007 Last Revised: 13 Jan 2015
Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen
University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Copenhagen Business School
Downloads 4,085 (1,644)
Citation 68

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CEO characteristics, private equity

Which CEO Characteristics and Abilities Matter?

NBER Working Paper No. w14195
Number of pages: 55 Posted: 04 Aug 2008
Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen
University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Copenhagen Business School
Downloads 172 (150,024)
Citation 68

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Are CEOs Different? Characteristics of Top Managers

Columbia Business School Research Paper No. 16-27, Paris December 2016 Finance Meeting EUROFIDAI - AFFI
Number of pages: 54 Posted: 15 Mar 2016 Last Revised: 10 Aug 2017
Steven N. Kaplan and Morten Sorensen
University of Chicago - Booth School of Business and Copenhagen Business School
Downloads 3,520 (2,133)

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CEOs, CFOs, COOs, Managerial Characteristics, Hiring Decisions, Corporate Governance

Are CEOs Different? Characteristics of Top Managers

NBER Working Paper No. w23832
Number of pages: 55 Posted: 18 Sep 2017 Last Revised: 27 Sep 2017
Steven N. Kaplan and Morten Sorensen
University of Chicago - Booth School of Business and Copenhagen Business School
Downloads 23 (456,786)
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3.
Downloads 1,826 ( 6,845)
Citation 12

Private Equity and Industry Performance

Harvard Business School Entrepreneurial Management Working Paper No. 10-045, AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 18 Dec 2009 Last Revised: 29 Aug 2011
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strömberg
Stanford Graduate School of Business, Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 1,447 (9,856)
Citation 11

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Private Equity and Industry Performance

Netspar Discussion Paper No. 06/2014-023, Stanford University Graduate School of Business Research Paper No. 14-25
Number of pages: 47 Posted: 02 Jul 2014
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strömberg
Stanford Graduate School of Business, Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 288 (89,631)
Citation 10

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Private Equity and Industry Performance

NBER Working Paper No. w15632
Number of pages: 40 Posted: 11 Jan 2010 Last Revised: 29 Oct 2014
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strömberg
Stanford Graduate School of Business, Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 91 (246,954)
Citation 12

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Skill and Luck in Private Equity Performance

Rock Center for Corporate Governance at Stanford University Working Paper No. 179
Number of pages: 69 Posted: 03 Apr 2014 Last Revised: 16 Dec 2015
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 1,430 (10,046)

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Persistence, private equity, venture capital, skill, learning

Skill and Luck in Private Equity Performance

Netspar Discussion Paper No. 04/2014-026
Number of pages: 59 Posted: 08 Jul 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 313 (81,574)

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Private Equity and Long-Run Investment: The Case of Innovation

EFA 2009 Bergen Meetings Paper
Number of pages: 49 Posted: 17 Feb 2008 Last Revised: 25 Oct 2014
Morten Sorensen, Per Strömberg and Josh Lerner
Copenhagen Business School, Swedish House of Finance and Harvard Business School - Finance Unit
Downloads 1,417 (10,183)
Citation 54

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Buyouts, LBOs, Innovation, Patents

Private Equity and Long-Run Investment: The Case of Innovation

The Journal of Finance, Vol. 66, No. 2, pp. 445-477, 2010
Number of pages: 57 Posted: 27 Oct 2011
Morten Sorensen, Per Strömberg and Josh Lerner
Copenhagen Business School, Swedish House of Finance and Harvard Business School - Finance Unit
Downloads 160 (159,866)
Citation 50

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Private Equity and Long-Run Investment: The Case of Innovation

NBER Working Paper No. w14623
Number of pages: 50 Posted: 15 Jan 2009 Last Revised: 13 Jan 2015
Josh Lerner, Morten Sorensen and Per Strömberg
Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 75 (278,403)
Citation 54

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The Public Market Equivalent and Private Equity Performance

Columbia Business School Research Paper No. 13-34
Number of pages: 21 Posted: 02 May 2013 Last Revised: 23 Sep 2013
Morten Sorensen and Ravi Jagannathan
Downloads 875 (21,589)
Citation 1

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Private equity, public market equivalent, PME, log utility CAPM, ex-post performance evaluation, generalized method of moments

The Public Market Equivalent and Private Equity Performance

Financial Analysts Journal, Vol. 71, No. 4, 2015, Netspar Discussion Paper No. 09/2013-039
Number of pages: 22 Posted: 01 Nov 2013 Last Revised: 13 Jan 2016
Morten Sorensen and Ravi Jagannathan
Downloads 558 (40,194)

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Private equity, public market equivalent, PME, log utility CAPM, ex-post performance evaluation, generalized method of moments

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Review of Financial Studies, Forthcoming, AFA 2009 San Francisco Meetings Paper
Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 13 Jan 2015
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 1,074 (15,865)
Citation 34

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Entrepreneurship, Venture Capital, Sample Selection, Liquidity, Endogenous Trading, MCMC, Gibbs Sampling

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

The Review of Financial Studies, Vol. 23, No. 10, pp. 3738-3772, 2011
Number of pages: 63 Posted: 27 Oct 2011
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 93 (243,316)
Citation 33

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Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Netspar Discussion Paper No. 01/2011-033
Number of pages: 64 Posted: 25 Apr 2011
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 78 (271,842)
Citation 34

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How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

Number of pages: 63 Posted: 31 Jan 2006
Morten Sorensen
Copenhagen Business School
Downloads 1,066 (16,025)
Citation 77

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Venture Capital, Selection Problem, Two-Sided Matching, Bayesian Estimation, MCMC

How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

Journal of Finance, Forthcoming
Posted: 13 Mar 2007
Morten Sorensen
Copenhagen Business School

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Venture Capital, Selection Problem, Two-Sided Matching, Bayesian Estimation, MCMC

9.
Downloads 957 ( 19,219)
Citation 3

Valuing Private Equity

Number of pages: 58 Posted: 18 Apr 2012 Last Revised: 14 Jun 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia University and Shanghai University of Finance and Economics
Downloads 589 (37,510)
Citation 3

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Private equity, LP portfolio choice, certainty-equivalent valuation, incomplete markets, illiquidity, non-diversifiable risk, alpha, GP compensation, management fees, carried interest

Valuing Private Equity

Number of pages: 58 Posted: 03 Oct 2012 Last Revised: 14 Jun 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 139 (180,263)
Citation 3

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Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

Valuing Private Equity

Netspar Discussion Paper No. 04/2012-041
Number of pages: 59 Posted: 27 Nov 2012 Last Revised: 15 Jul 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 125 (196,349)
Citation 3

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Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

Valuing Private Equity

NBER Working Paper No. w19612
Number of pages: 64 Posted: 09 Nov 2013 Last Revised: 07 Oct 2014
Morten Sorensen, Neng Wang and Jinqiang Yang
Copenhagen Business School, Columbia Business School - Finance and Economics and Shanghai University of Finance and Economics
Downloads 104 (225,219)
Citation 3

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10.

Learning By Investing: Evidence from Venture Capital

AFA 2008 New Orleans Meetings Paper
Number of pages: 42 Posted: 13 Mar 2007 Last Revised: 29 Oct 2014
Morten Sorensen
Copenhagen Business School
Downloads 793 (20,990)
Citation 8

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Venture Capital, Learning, Multi-Armed Bandit Model, Exploration, Exploitation

11.

Risks, Returns, and Optimal Holdings of Private Equity: A Survey of Existing Approaches

Number of pages: 32 Posted: 30 Jul 2012
Andrew Ang and Morten Sorensen
BlackRock, Inc and Copenhagen Business School
Downloads 542 (20,547)

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12.
Downloads 281 ( 92,602)
Citation 4

Estimating Loan-to-Value Distributions

Columbia Business School Research Paper No. 12-15
Number of pages: 57 Posted: 14 Sep 2011 Last Revised: 18 Jun 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 273 (95,081)
Citation 4

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Real Estate Prices, Loan-To-Value, Repeat-Sales Price Index, Sample Selection, Bayesian Estimation, Gibbs Sampling, MCMC

Estimating Loan-to-Value and Foreclosure Behavior

NBER Working Paper No. w17882
Number of pages: 59 Posted: 02 Mar 2012
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
Downloads 8 (543,545)
Citation 4

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13.

Identification of Multi-Index Sample Selection Models

Number of pages: 28 Posted: 09 May 2007 Last Revised: 29 Aug 2011
Morten Sorensen
Copenhagen Business School
Downloads 181 (127,723)

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Sample Selection Model, Two-Sided Matching

14.

Private Equity and Investment in Innovation: Evidence from Patents

Journal of Applied Corporate Finance, Vol. 25, Issue 2, pp. 95-102, 2013
Number of pages: 10 Posted: 13 Sep 2013
Josh Lerner, Morten Sorensen and Per Strömberg
Harvard Business School - Finance Unit, Copenhagen Business School and Swedish House of Finance
Downloads 1 (544,793)
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Estimating Loan‐To‐Value Distributions

Real Estate Economics, Vol. 44, Issue 1, pp. 41-86, 2016
Number of pages: 46 Posted: 20 Jan 2016
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School
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Citation 3
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Estimating Loan-to-Value Distributions

Real Estate Economics, Forthcoming
Posted: 22 Jul 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Copenhagen Business School

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Loan-to-Value, Price Dispersion, Real Estate Indices, Sample Selection, Bayesian Estimation